- Rating of CARE AA (Stable) from CARE Ratings
- Rating of Ind AA with Stable Outlook from India Ratings & Research
Mumbai, December 23, 2016: YES BANK, India’s 5th largest private sector Bank has announced that it has received ratings for an additional amount of INR 1500 Cr of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to INR 3600 Cr.
- CARE Ratings - CARE AA with Stable Outlook – Link to the detailed Rating Rationale.
- India Ratings & Research (a Fitch Group Company) – Ind AA with Stable Outlook – Link to the detailed Rating Rationale.
YES BANK had announced on 19th December, 2016 that it has received ratings for INR 2100 Crores of Basel III Compliant AT1(Additional Tier-1) Bonds (Link to the Press Announcement: https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-receives-ratings-from-both-care-ratings-and-india-ratings-for-basel-iii-at1-bonds )
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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